Which of the Following Is True of a Firm in a Monopoly

question 115

Multiple Choice

Which of the following is true of a firm in a monopoly market?

• A)The price charged by the monopolist is less than the marginal cost of production.
• B)The equilibrium output in a monopoly market is smaller compared to a competitive market.
• C)There is a deadweight loss in a monopoly market.
• D)In a monopoly market long-run economic profits are zero.

---

Definitions:

Intellectual Disability

A term used to describe a significant limitation in intellectual functioning and adaptive behavior, affecting learning and daily living skills.

Autism Spectrum Disorder

A developmental disorder characterized by difficulties in social interaction and communication, along with restricted and repetitive patterns of behavior and interest.

Consistent Results

Outcomes that are reliably reproducible under the same conditions, demonstrating reliability in scientific experiments or data collection.

Predictive Validity

The extent to which a score on a scale or test predicts future performance on a related task.